Southern Asia: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Southern Asia

In 2021, the South Asian ethylene polymer rigid pipes market decreased by -7.7% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.4% against 2017 indices. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Southern Asia

In value terms, ethylene polymer rigid pipes production contracted to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.2% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in Southern Asia

In 2021, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene was finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. Overall, exports, however, saw a mild reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, India (X tons) was the major exporter of rigid tubes, pipes and hoses of polymers of ethylene in Southern Asia, constituting 100% of total export.

India was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of ethylene exports, with a CAGR of +1.0% from 2012 to 2021. From 2012 to 2021, the share of India increased by +13 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest ethylene polymer rigid pipes supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, reducing by -17.6% against the previous year. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by 9.2%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -1.6% per year.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in Southern Asia

Ethylene polymer rigid pipes imports skyrocketed to X tons in 2021, jumping by 28% on the previous year. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 66%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, ethylene polymer rigid pipes imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.4% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 31%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Bangladesh (X tons) and Sri Lanka (X tons) were the largest importers of rigid tubes, pipes and hoses of polymers of ethylene in 2021, resulting at approx. 30% and 26% of total imports, respectively. India (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (12%), Nepal (7.4%) and Bhutan (5.8%). Maldives (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of +30.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes importing markets in Southern Asia were Bangladesh ($X), Sri Lanka ($X) and India ($X), with a combined 77% share of total imports.

Bangladesh, with a CAGR of +23.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, which is down by -3.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 16%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :